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UAEs-Aldar-Sorouh-merger

Abu Dhabi’s Merged Property Firms To Begin Trading On June 30

Abu Dhabi developers Aldar Properties and Sorouh Real Estate will trade as a merged entity from June 30 with a capital of 7.86 billion dirhams…

June 23, 2013 3:12
 
Minority stakeholders get a mixed bag from Aldar sorouh merger

Abu Dhabi property merger is a mixed bag

Still, the merger could have been much worse for minority shareholders that account for less than half of Sorouh's register, and the 13 percent of foreign owners.

January 21, 2013 4:39
 
UAEs-Aldar-Sorouh-merger

Aldar and Sorouh merger gets the stamp

The two companies have combined assets worth nearly $15 billion and a combined market capitalisation of around 10 billion dirhams.

January 21, 2013 9:25
 
UAEs-Aldar-Sorouh-merger

Aldar, Sorouh merger news seen “within a month”

Abu Dhabi has spent more than $10 billion on the company, equivalent to the amount it deployed to rescue Dubai from a bond default in 2009.

September 30, 2012 4:39
 
Sorouh Q1 Profit Rises 30 Percent

Sorouh Q1 Profit Rises 30 Percent

Abu Dhabi's Sorouh Real Estate, which is eyeing a state-backed merger with rival Aldar Properties, posted a 30 percent rise in quarterly net profit riding on revenue from government projects and higher rental income.

April 29, 2012 9:00
 

UAE’s Aldar at record low on delist talk

Abu Dhabi's Aldar Properties slumped to a record low on Tuesday, on talk that a major government stakeholder could delist the developer, and Egyptian stocks fell as continued clashes between police and protesters unnerved investors.

December 21, 2011 8:47
 

Aldar cuts a quarter of its workforce

To scale down on certain functions, 105 jobs to go; Other Abu Dhabi developer Sorouh profit up 13 pct, misses view

October 31, 2011 10:49
 

Abu Dhabi’s Aldar sees profit in 2011, shares rise

Spokesman confirms guidance given by CFO on Monday.

January 18, 2011 4:30
 
The Business of… 2010’s underperformers

The Business of… 2010’s underperformers

Strikes, debt and defaults; 2010 hasn’t been kind to a lot of UAE businesses. Here is our pick of the biggest underperformers in 2010.

December 29, 2010 11:22
 
Aldar: losses, a resignation, and bad debt

Aldar: losses, a resignation, and bad debt

As Aldar posts its fourth consecutive quarterly loss (this time of 731.2 million dirhams), Kipp takes a closer look at Abu Dhabi’s largest real estate developer.

November 9, 2010 4:18
 
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